Start of Coverage: 25-02-2019
Impact on our estimates is mixed. Poland helps 2020 while Portugal and Colombia weigh on mid-term prospects. We confirm our Hold rating and cut fair value from €15.2 to €14.6 (DCF with unchanged 8.5% WACC and 1% perpetuity growth rate).
Analyst: Cedric Lecasble
e-mail: cedric.lecasble@stifel.com
| Analyst | Price target | Recommendation | Date |
| Cedric Lecasble | 14.60 € | Hold | 31 Jul 2020 |
| Cedric Lecasble | 15.20 € | Hold | 15 May 2020 |
| Cedric Lecasble | 17.50 € | Buy | 9 Jan 2020 |
| Cedric Lecasble | 16.50 € | Buy | 10 Dec 2019 |
| Cedric Lecasble | 16.50 € | Outperform | 26 Jul 2019 |
| Cedric Lecasble | 16.00 € | Outperform | 26 Apr 2019 |
| Cedric Lecasble | 15.50 € | Outperform | 25 Feb 2019 |
The information presented refers to recommendations issued by analysts that follow the Jerónimo Martins’ share. For more information, please read the Analysts Coverage section in this website’s Terms and Conditions.
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